NEW YORK – After giving up roughly 70 basis points this week, the long end of the California municipal market rebounded Thursday amid a barrage of short-term new-issue supply, including a $10 billion pricing of California notes.

Traders said tax-exempt yields were lower anywhere from six to 10 basis points out 20 years and longer, while bonds maturing sooner were unchanged.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.